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Updated RecentlyTeriyaki Experience vs Magic Wok Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Teriyaki Experience vs Magic Wok including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $235,000 - $491,500 | $95,000 - $150,000 |
| Franchise Fee | $25,000 | $12,500 |
| Royalty Fee | 6% | 5% |
| Advertising Fee | - | 3% |
| Year Founded | 1986 | 1983 |
| Year Franchised | 1987 | 1991 |
| Term Of Agreement | - | 10 years +10 |
| Term Of Agreement | - | 10 years +10 |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | - | Toledo, OH 3-4 Weeks |
| Support | - | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline |
| Marketing | - | - |
| Operations | - | Average Number of Employees: 2 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | - | Yes |
Company Overviews
About Teriyaki Experience
Japanese inspired Asian quick-service restaurants, chosen #1 in this category by Entrepreneur Magazines' 2006 Franchise 500. "Our brand promise... nutritious, delicious meals prepared fast and fresh before your eyes --- cooked in water, not oil."
The Teriyaki Experience franchise concept is a sizzling hot opportunity that serves up what consumers are looking for.
Established in 1986, our concept hits the mark with the growing popularity of healthy eating in the fast food arena.
Teriyaki Experience offers: - Turnkey operation - Branded store design - Proven operating system - Extensive training program - Ongoing operational support - Comprehensive marketing support - Chain strength of over 100 locations - Freshly prepared, delicious and nutritious menu offerings with wide market appeal.
Over 115 locations throughout Canada, the U.S., the Middle East, Europe and Central America.
About Magic Wok
Quick-service, made-to-order, hot oriental concept. Stand alone, mall, drive-thru, delivery, school lunch and other non-traditional operations. Low barrier to entry, high return on investment. Domestic and international.